BENEFIT OF MTN MOBILE BANKING. HOW TO ACTIVATE IT

We all see Mtn Mobile Money in DSTV Advert; we now ask ourselves, what is Mobile Banking? How does Mtn Mobile Banking Work in Nigeria?

Mobile Banking is one of the CBN latest policies or option to make the Cashless Economy a success. With the use of ATM, POS, and Internet Banking, one can use Mobile Banking to perform financial transaction without going to the Bank.

Mtn Mobile Banking will allow to perform the below transaction at the comfort of your home without queuing in the bank hall.

1. Send Money

 How will you feel when you can use you mobile phone to send money to your friends, love ones etc in any Bank without going to that bank? Mtn Mobile Banking will allow or enable this to be possible. All you need to do is to input the recipient bank code and do the transfer.

You can also do a normal Money transfer through Mobile Banking. You send the money and tell the beneficiary the secret code so as to make him withdraw at the counter in a Bank or any of the Agents.

Isn’t this lovely? What are you waiting for? Get your mobile banking now.

2. Pay Bills.
Another benefit of having a Mtn Mobile Banking is that you use it to pay bills. You can pay your Power Holding, DSTV, and other utility bills with the use of your Mtn Mobile Money.

3. Buy Mtn Recharge Cards
With the use of Mtn Mobile banking, you don’t need to go to local vendor for buying of recharge cards. All you need to do is to input the amount of the recharge you need and behold, your account will be funded.

HOW DO YOU ACTIVATE YOUR MOBILE BANKING

Activating of mobile banking is simple. All you need is a mobile phone. All mobile phone can be use in this case. Just follow the below steps;

•  Dial *500# 
• Choose the Bank. You have the options of GTbank, Stanbic etc 
• Choose your secret question and answer. 
• Dial *501# and input your token which is your mobile number and your chosen pin 
• Input the Pin again for confirmation. Congratulations, your MTN Mobile banking has been activated. All you need to do now is to go the Bank you choosed to Fund your account.
• After funding the Account, Dial *501# and perform your mobile banking transactions. 

Mobile Banking does not require you to have an account with the Bank to be able to perform the activities. All you need to perform this financial obligation is just your mobile phone and your phone number. Why not exploit this opportunity and make Nigeria cashless. Stay tuned for another form of Mobile Banking offered by Zenith Bank called Easy Money.

You can comment on the challenges you have in this financial applications.

Cheers